Transparent Electronics Market : 3M, Apple, Cambrios Technology, Corning, Saint-Gobain, Dontech
The global transparent electronics market has grown rapidly since the past few years and is anticipated to grow over the coming years. The growth can be attributed to factors such as the increasing use of touch-enabled electronic devices; growing demand for compact and sophisticated devices; and increasing use of transparent electronics in biomedical applications. Furthermore, the rising need for miniaturization of electronic devices is one key trend projected to fuel the demand of the market.
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Apart from these, there are some major factors that are expected to boost the market demand worldwide over the forecast period which are mentioned below:
Emergence of nanotechnology
Increase in various end-use applicants
Technological advancements and new product developments
Increase In Use Of Touch Display Panels Drive To The Market Growth In North America
North America held the largest market share, followed by Europe, in terms of revenue. The growth can be attributed to factors such as increasing disposable income and stringent regulations to cut energy consumption. Furthermore, the presence of major key players in the region is one of the key trends that is expected to boost the market growth. Also, the wide use of touch-enabled devices is further expected to propel the market growth in the region.
According to a research study, approximately 95% of the American population has access to a touch-enabled device. In addition, North America has the highest internet user penetration, which goes around 88% the of total population in 2016.
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Competitive Landscape Analysis
The market is extremely competitive due to the strong presence of key vendors, who are focusing on various strategies to boost the market demand such as technological advancements in transparent electronics and increase in usage of transparent electronics in solar cells. Increasing large capital investments and increasing efforts in the research and developments activities are the key success factors adopted by international players to gain a competitive advantage over other market players.
Some of the leading players operating in the market include 3M, Apple, Cambrios Technology, Corning, Saint-Gobain, Dontech, Evaporated Coatings, Kurt J Lesker, Sharp, and GWS Technology and Samsung Electronics among others.
The market has an extremely promising future for the usage of organic material in transparent electronics and its market share will grow robustly over the forecast period. Reducing costs coupled with technological innovation and increasing usage in solar cells will likely boost the market growth. Additionally, the transparent display sector will show enormous opportunities in the coming years and hence is extremely competitive.
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